Panama - El Salvador Stock Market Integration

Four months after the operations of the two markets were integrated, five brokerage firms are already carrying out transactions and four other are waiting for their operating permit to be processed.

Monday, October 2, 2017

The attractiveness of the Panamanian stock market for both investors and companies raising money explains the great interest that the brokerage firms in El Salvador have shown in being part of the platform that allows them to operate remotely in the Panamanian market.

And interest has also been manifested on the Panamanian side. Marelissa Quintero, explained to Prensa.com that "... in addition to MMG Bank, which is already authorized as a remote operator in El Salvador, BGValores, Valores Banistmo and Global Valores are in the process of being approved. Panama, for its part, has authorized four Salvadoran remote operators, who have already started trading on the local stock exchange."

"... Once the the process with El Salvador has been completed, the aim of the brokerage firms and regulators is to include new markets in this scheme. The first on the list would be the Dominican Republic and Costa Rica."

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January 2019

In 2018, the volume traded in the Panamanian Stock Exchange totaled $6.100 million, 15% more than the data reported in 2017, mainly because of the behavior of the primary market.

The increase in the volume traded in 2018 represents a recovery in the stock market, since in 2017 the stock market activity of the Panama Stock Exchange (BVP) reported a 28% decrease compared to 2016.

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New Rules for Stock Exchanges

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Panamanian stock market officials are evaluating increased controls on securities houses operating in the country, through the figure of corporate governance.

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Fewer Brokerage Firms in Costa Rica

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The brokerage Scotia Valores, a subsidiary of Scotiabank, has announced its deregistration from the National Stock Exchange and its exit from the local stock market.

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